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Vedanta shares rise after three days of fall; here s why

Vedanta shares close higher after three sessions; can they reclaim Rs 300 mark?

Shares of Vedanta Ltd closed higher today after three days of consecutive fall as the firm’s parent group Vedanta Resources Limited announced that it has paid all its maturing loans and bonds due in April 2023, thereby reducing its gross debt by a further $1 billion. Vedanta stock closed 1.34% higher at Rs 278.95 against the previous close of Rs 275.25 on BSE. Market cap of the firm rose to Rs 1.03 lakh crore. The stock last ended above Rs 300 mark on February 23, 2023. Vedanta shares closed at Rs 302.90 in that session.

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